Announcements

The Government of Ontario has appointed Lawrence (Larry) E. Ritchie, ICD.D, as a member of the Financial Services Regulatory Authority of Ontario’s (FSRA) Board of Directors, effective January 15, 2026. The appointment was made on the recommendation of Finance Minister Peter Bethlenfalvy. Mr

The Financial Regulatory Authority of Ontario, FSRA, has imposed an administrative penalty in the amount of $7,500 against Nataly Belinska (Belinska), and imposed a compliance order against both Belinska and Happy Future Centre (HFC). Belinska and HFC engaged in an unfair or deceptive act or

The Financial Services Regulatory Authority of Ontario, FSRA, has refused to renew the mortgage brokerage licence of Sergiy Shchavyelyev (Shchavyelyev). Shchavyelyev is no longer suitable to be licensed under the Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c.29, as amended

We are pleased to send you the February summary of key activities from the Financial Services Regulatory Authority of Ontario (FSRA). The newsletter is designed to help you quickly review key initiatives during the past month. Our goal is to provide you with relevant communications and information

The Financial Regulatory Authority of Ontario, FSRA, has initiated enforcement action against Chintankumar Narendra Thakkar (Thakkar). FSRA alleges that Thakkar acted as an insurance agent by transmitting insurance applications to the Insurer and charging a fee while not being duly licensed

The Financial Services Regulatory Authority of Ontario, FSRA has refused to renew the life insurance and accident and sickness insurance licence of Michael Lampel (Lampel) and the corporate agent licence of IFC Financial Inc. o/a Insurance for Children (IFC) and has imposed three administrative

The Financial Regulatory Authority of Ontario, FSRA, has suspended the mortgage agent licence of Chanderkant Jindal (Jindal), and upon completion of the suspension period, FSRA will impose conditions on Jindal’s mortgage agent licence. FSRA also imposed an administrative penalty of $5,000 against

The Financial Regulatory Authority of Ontario, FSRA, has initiated enforcement action against Alessandra Giannini (Giannini), Inparanee Kanagasabey (Kanagasabey), AGJR Enterprise Inc. (AGJR) and Arthur G&B Enterprise Inc. (Arthur G&B). FSRA alleges that Giannini, Kanagasabey, AGJR and Arthur G&B

The Financial Services Regulatory Authority of Ontario (FSRA) is supporting the government of Ontario in implementing its target benefit legislative and regulatory framework for multi-employer pension plans (MEPPs), which came into effect on January 1, 2025. Following public consultation, FSRA’s

FSRA seeks public input on its proposed 2026-27 budget plan The Financial Services Regulatory Authority of Ontario (FSRA) is launching a public consultation on its proposed 2026-27 budget plan to give stakeholders the opportunity to share their feedback. FSRA’s Statement of Priorities and Strategic